2022.2.21 Issue 106
Keywords for this issue
JPMorgan Chase & Co. releases meta-universe research report; PayPal launches seller protection program; Berkshire Hathaway increases stake in crypto-friendly digital bank Nubank shares; Sotheby's accepts cryptocurrency payments; crypto ads during the Super Bowl; ecosystem changes in blockchain gaming; JPMorgan Metacosm report.
1. Coinbase spent $14 million to advertise for registration rewards in the Super Bowl, resulting in a short period of downtime on the website
News on February 14 that Coinbase displayed a color QR code on the screens of all spectators during the Super Bowl, attracting users to register for up to 60 seconds.
2. Uehara will create the "Good Morning NFT" series of works, with a unit price of 0.05 ETH
On February 14, Uehara Announced that it will begin to produce the "Good Morning NFT" series for 100 consecutive days, covering every moment of his daily life, with a unit price of 0.05 ETH.
3. Mirror has deployed Words contracts to The Ethereum scaling solutions Orbitrum and Optimism
On February 14, mirror, a decentralized content publishing platform, announced that it has deployed the Words contract to the Ethereum scaling solution Arbitrum and Optimism, designed to help users save Gas fees. The Words contract is based on the ERC-721 standard and allows users to create text strings stored on the chain.
4. The financial company IRA Financial encrypted retirement account was attacked, with millions of dollars in losses
On February 15, the crypto retirement account of the US financial company IRA Financial was attacked last week, and about $36 million worth of retirement savings is currently in a state of uncertainty. Dozens of users found unauthorized withdrawals, hackers or millions of dollars transferred on their Gemini accounts.
5. Synthetix, the synthetic asset protocol, released polaris version updates, supported SOL and updated Chainlink
On February 15, Synthetix, an optimism-based synthetic asset protocol, released an update to the Polaris version.
According to the upgrade announcement, this upgrade includes a SIP-199 upgrade, that is, Synthetix will support SOL as a new synthetic asset, as well as scCP-163 upgrade, that is, the Optimism Chainlink is updated to OCR (Off-Chain Reporting), paving the way for future support for more Tokens.
6. JPMorgan Chase opened the onyx lounge in Decentraland and released a metaversum research report
On February 16, JPMorgan Chase opened a virtual lounge on Decentraland, Onyx Lounge, becoming the first commercial bank and financial services institution to enter the meta-universe. At the same time, JPMorgan Chase released a metaverstem study called Opportunities in the metaverse, which explores how companies can look for opportunities in the metaverse.
The report aims to help its clients eliminate clutter and highlight what is truly noteworthy at the moment, analyzing what metaversys universe participants need to build on next in terms of technology, business infrastructure, privacy/identity, and workforce to maximize the full potential of people living in the virtual world.
7. PayPal move NFT transactions in excess of $10,000 out of the PayPal Seller Protection program
On February 16, PayPal removed more than $10,000 of NFT transactions from PayPal Seller Protection, which deducts the amount retained under PayPal Seller Protection for the past 30 days from the account.
PayPal's Seller Protection Program provides some protection for merchants using payment services, and when a buyer is chargeback or revoked, merchants are eligible to retain the purchase amount and avoid paying the associated chargeback fees, and the program does not apply to transactions involving relevant NFTs, antiques, artwork, collectibles, etc. that exceed $10,000 or the equivalent local currency calculated at the time of the transaction.
8. Berkshire Hathaway increased its holdings by $1 billion in Shares of Nubank, a Brazilian crypto-friendly digital bank
Feb. 16 News that Buffett's Berkshire Hathaway Company bought $1 billion in Shares of Brazilian Crypto-Friendly Digital Bank Nubank in the fourth quarter of 2021. Berkshire also sold 1.27 million shares of VISA and 302,000 shares of Mastercard.
9. Chen Guanxi responded to the questions of his NFT project community: the team did not retain rare NFTs internally
On February 16, in response to users questioning the allocation of the NFT project ALIENEGRAxEDC, it was not randomly distributed, but there was a suspicion of background control by the project team.
Chen Guanxi responded in Discord that the NFT series subcategories are limited by the number of releases by the code, and the project team does not retain the ultra-rare level NFT internally, nor does it have a black box operation, and the ultra-rare level NFT may be issued through competition in the future.
10. Sotheby's will auction the Kobe Bryant jersey and its animated NFT to accept cryptocurrency payments
Feb. 16 News that Sotheby's announced on Tuesday that it would auction a basketball jersey by Kobe Bryant, which starts at $200,000 and runs from February 15 to 22.
He scored 81 points against the Toronto Raptors in 2006, and the NBA's official certification body has verified the authenticity of the jersey. Kobe Bryant's jersey will be sold in physical form, along with an animated NFT for Kobe's 81-point match. Sotheby's will accept final payments for ETH, BTC, USDC and fiat currencies.
11. The Mercedes-AMG Petronas F1 Team Online Shop now supports FTX Pay payments
On February 17, the Mercedes-AMG Petronas F1 team official posted on social media that the team's online store now supports users to pay using FTX Pay.
FTX Pay is a service offered to merchants for accepting payments in digital assets or fiat currency. For digital asset payments, the relevant user's FTX account will deduct the amount in the selected digital asset, which is equal to the amount due to the merchant. FTX facilitates convenient payments from users to merchants by providing a payment infrastructure. This allows merchants to accept payments for digital assets without incurring any risk of fluctuations in digital assets.
12 Musk responds to Munger's encrypted negative remarks: It's worth trying, whatever the outcome
On February 17, Charlie Munger previously said that cryptocurrencies should be banned and that he did not invest.
Musk responds: "I had the pleasure of having lunch with Munger in 2009, and he told everyone at the table about the reasons why Tesla would fail. I was sad about that, but I told him that I agreed with what he said, and we might fail because of it, but it was worth trying anyway."
13. The co-founders of Dogecoin called on Twitter to support Dogecoin tipping
On February 17, Dogecoin co-founder Billy Markus tweeted that he intends to post at least one tweet with a #DogeTwitterTipJar hashtag every day to push Twitter to support Dogecoin tipping.
14) Former U.S. presidential candidate Andrew Yang launches The Noble3 DAO
On February 18, former US presidential candidate Andrew Yang announced in a social media post that it had launched Lobby3 DAO, which aims to fund effective Web3 policy advocacy and education for legislators and unleash the potential of Web3.
Lobby3 Tokens will be available in three tiers, Level 1 "Memeber" requires 0.07 ETH per Token, Level 2 "Advocate" requires 1 ETH per Token, and Level 3 "Founder" requires 40 ETH per Token. Token holders can participate in community voting, roundtable discussions with policy leaders, and exclusive events.
15, V God: The crypto market "welcomes" the winter, which can verify which projects have long-term value
On February 20, Ethereum founder Vitalik Buterin said that the current decline in the price of tokens in the crypto market has chilled investors and has been called another crypto winter, and the digital asset field may actually benefit from this.
"Many people who delve into cryptocurrencies, especially those who build new things, welcome bear markets" because long-term sharp price increases tend to attract a lot of very short-term speculative attention. The crypto winter is when many applications disappear, and it can be verified which projects are actually sustainable in the long run.
From Matt Damon to LeBron James to Kevin Durant, cryptocurrency companies have been using the faces of celebrities to plant the web3 flag in American consciousness.
So, will these ads prompt some people who have not been exposed to cryptocurrencies before to get involved? Or will they get people to give up, or anger those who already see cryptocurrencies as scams?
Blockchain-based game scenarios are rapidly expanding with the rise of NFTs (non-homogeneous tokens) and in-game currencies. Its rise can be seen as a continuation of decades of iterations across monetization strategies and business models. Over the past few years, global interest in video games and NFTs has been on the rise, which has become an important catalyst for the development of blockchain games.
At this stage, the number of video gamers worldwide is rapidly approaching 3 billion, and the compound annual growth rate (CAGR) is expected to reach 5 to 7% in the next few years. Meanwhile, NFT sales exceeded $15 billion for the first time in 2021. In fact, the emergence of NFT secondary sales in blockchain games accounts for 20% of total NFT sales, and dozens of small blockchain games continue to generate tens of millions or even hundreds of millions of dollars in revenue.
As the crypto market tends to be mainstreamed, more and more countries have begun to pay attention to and introduce crypto regulatory policies, which will affect the crypto market at any time. Today, let's take stock of the regulatory policies in the pipeline in several countries that have a greater impact on the crypto field, and gain insight into what kind of changes regulation will bring to the crypto market in 2022...
JPMorgan Chase & Co. released a research report called "Opportunities in the Metaverse" (this article is a speed-reading translation, with the translators have been abridged), exploring how companies can find opportunities in the metaverse, comprehensively discussing how companies can explore the metacosm and harness the hype and reality – the metacosm may somehow penetrate into every industry in the next few years, corresponding to an annual revenue of more than $1 trillion.
BNB Chain announces the establishment of the DeFi Alliance, which aims to strengthen use cases and security in DeFi and provide more possibilities
On February 17, BNB Chain announced the formation of the DeFi Alliance, which aims to strengthen use cases and security in DeFi, develop new products and provide more possibilities. The alliance will focus on innovation, community, and security, and will help take user needs into account in the Design of the DeFi Protocol and thoroughly debate and test all new features prior to deployment, enhancing security and eliminating technical issues and bugs.
2. The Algorand Foundation launches a $10 million SupaGrant award to support the EVM compatibility development team
Feb. 18 News that the Algorand Foundation announced the launch of a $10 million SupaGrant award to support teams exploring and accelerating the technology needed to deliver EVM compatibility on Algorand. Staci Warden, CEO of the Algorand Foundation, said: "Running smart contracts written for Ethereum on Algorand removes the barriers to deFi protocols and NFT projects serving multiple chains, while significantly reducing costs for participants. We believe that inspiring experienced development teams to research and build lasting foundational technologies for Algorand will benefit the entire blockchain community.
3. DeFi lending agreement Euler Finance releases Uniswap oracle attack simulator
On February 18, DeFi Lending Agreement Euler Finance released the Uniswap Oracle Attack Simulator, which is now open to users and open source code for users to simulate and quantify the risk of oracle attacks in liquidity pools on Uniswap V3.
The simulator works on the principle that given an asset liquidity (A/WETH) pool, the tool calculates the cost of moving the time-weighted average price (TWAP) of a Token to the x price. The simulator iteratively buys and sells A or WETH by using Uniswap QuoterV2 lenses and binary search algorithms to figure out the cost of an attack.
1. The meta-universe social platform BUD completed a $15 million A+ round of financing, led by Qiming Venture Capital
On February 14, the meta-universe social platform BUD Technologies, Inc. (hereinafter referred to as "BUD") announced the completion of a $15 million A+ round of financing, this round of financing led by Qiming Venture Capital, followed by source code capital, and Mumian Capital as the exclusive financial advisor for this round. This round of funds will be mainly used for overseas business research and development and growth.
2. Animoca Brands' Japanese subsidiary completed a $10 million seed round of financing, with kodansha and Sumitomo Mitsui Trust Bank participating
On February 15, Animoca Brands announced that its strategic subsidiary, Animoca Brands Japan, has completed a $10 million seed round of funding, with the participation of Kodansha, West Japan Railways and Sumitomo Mitsui Trust Bank.
3. Cross-chain interoperability agreement Axelar completed a $35 million financing, and Dragonfly Capital participated
On February 15, the blockchain interoperability network Axelar completed a $35 million funding round, with a valuation of $1 billion, and this round of financing Dragonfly Capital and others participated, angel investors including Waikit Lau and Gokul Rajaram. The mainnet has been rolling out in phases since late January.
Axelar is building a decentralized network and tools that connect users, assets, and dApps across multiple blockchain ecosystems, and the Axelar Network is a suite of protocols, tools, and APIs designed to break down barriers to cross-chain communication.
4. Web3 mobile wallet Rainbow completed $18 million in financing, led by Seven Seven Six
On February 15, Web3 mobile wallet startup Rainbow completed a $18 million Series A funding round led by Seven Seven Six, a venture capital firm owned by Reddit co-founder Alexis Ohanian.
Rainbow, a crypto startup that builds mobile wallet apps that allows users to interact with decentralized applications on the Ethereum blockchain and tries to extract as much technical knowledge as possible from the process to make buying or selling NFTs as easy as possible, has recently launched a public beta version of the Rainbow app for Android.
5. The Graph launched a $205 million ecological fund, with DCG, Multicoin Capital and others participating
On February 18, the decentralized indexing protocol The Graph launched a $205 million ecological fund with investors such as Digital Currency Group and Multicoin Capital. The purpose of the fund is to accelerate the growth and development of key projects in the The Graph ecosystem.
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